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Lloyd's Law Reports

ZEGLUGA POLSKA S.A. v. T R SHIPPING LTD. (No. 2)

[1998] 2 Lloyd's Rep. 341

COURT OF APPEAL

Before Lord BINGHAM OF Cornhill, C.J., Lord Justice Potter and Sir Ralph Gibson

Sale of ship - Cancellation - Notice of readiness - Contract for sale and purchase of ship - Balance of purchase money to be paid within three banking days after vessel ready for delivery - Sellers gave seven days’ notice - Buyers failed to pay final instalment - Sellers cancelled contract - When at latest buyers became obliged to make payment - Whether buyers agreed to make payment and take delivery on a particular date.

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